U.S. new weekly jobless claims drop below 2 million

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The labor department issues a report this morning on the number of people who applied for unemployment benefits last week NPR's Scott Horsley reports that jobless claims are expected to drop below two million for the first time since mid March the weekly unemployment claims have become a gram barometer the economic damage being done by the corona virus while claims are still extremely high by historical standards they have been falling steadily since peaking nine weeks ago at six point eight million economists will also be keeping an eye on continuing claims for unemployment which word down the labor department's most recent report as businesses reopened some people are dropping off the unemployment rolls and going back to work even so a monthly snapshot due out tomorrow is expected to show that unemployment jumped in may to its highest level since the

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